ABOUT VIRGIN MONEY UK PLC
📊 Virgin Money UK PLC, formerly known as CYBG PLC, is a holding company that owns Clydesdale Bank, Yorkshire Bank, and Virgin Money UK.
📊 The Group was formed in 2016 by National Australia Bank, which had acquired CYBG PLC in 1987 and Yorkshire Bank in 1995.
📊 In 2018 CYBG PLC made the decision to purchase Virgin Money for $ 12 million, and was rebranded to Virgin Money PLC in 2019.
OVERVIEW OF VIRGIN MONEY UK PLC
Virgin Money UK PLC serves 6.4 million customers across the UK through a digital-first approach that offers leading online and mobile services, supported by telephone and branch banking, including a national network of branches and business banking centers.
The Group’s portfolio is structured around three divisions – personal, mortgages and business – offering a full range of products and services for consumers and small and medium sized businesses.
The Group oversees 159 retail branches, serving 2.8 million customers, delivering business through its key brands. The Group’s growth strategy is underpinned by three key drivers, namely sustainable customer growth, improved efficiency and customer optimization. To this end, the Group invests in broadening the franchise across its target segments and core regions, while enhancing the customer experience.
It works to make its network, operations and organization more efficient and agile for colleagues and customers while securing internal ratings-based (IRB) accreditation across its lending book and deploying its capital to support its business ambitions to balance risk and reward.
VISION & VALUES OF VIRGIN MONEY UK PLC
Virgin Money UK PLC seeks to play a positive role in the communities where it operates. To this end, it continues to support local communities, through its partnerships with selected charities and by supporting the Virgin Money Foundation, who provides grassroots support to communities across the UK.
The Group also sets environmental performance targets to reduce its materials and resource consumption, and reports its Greenhouse Gas (GHG) emissions in accordance with the GHG Protocol, which sets a global standard for how to measure, manage and report GHG emissions.
MARKET PERFORMANCE OF VIRGIN MONEY UK PLC
Virgin Money UK PLC trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –CYB.
Data from the Group’s 2018 financial analysis shows underlying profit before tax of £ 331 million, up £ 38 million (13%). Increased underlying profitability has been the primary driver for the increase in underlying RoTE from 7.5% to 10.6%, and underlying basic EPS from 21.5p to 30.4p
The Group’s continued successful delivery allowed it to announce the payment of increased ordinary dividends of 3.1p per share, a landmark event in the process of transforming the Group into a bank that generates and distributes a sustainable return on its equity to shareholders. The payment of this dividend, a trebling on the previous year, sets the Group in line to deliver on its progressive dividend ambitions going forward.
The Group’s history of delivering a strong operational performance has provided a flourishing share price for investors with good long-term growth in dividends, securing a solid buy-in for investors who choose to purchase shares today.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy VIRGIN MONEY UK PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN VIRGIN MONEY UK PLC STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE VIRGIN MONEY UK PLC STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of VIRGIN MONEY UK PLC stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy VIRGIN MONEY UK PLC stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?